On Monday 4 December, the European Parliament’s committees for economic and monetary affairs (ECON) and civil liberties (LIBE) adopted their negotiating position on the draft regulation to strengthen controls on cash flows entering and exiting the European Union (see EUROPE 11694).
It should be recalled that the draft regulation was presented as part of the European action plan to tackle funding for terrorism (see EUROPE 11481) and extends to other payment instruments and methods (cheques,...